Brent crude is trading at $ 49.27 per barrel. Brent crude continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in crude oil. The fall in oil prices is expected to the level of $ 48.40 per barrel, where we can expect an attempt to growth and further development of bullish trends for the purpose of growth near the level of 51.10 dollars per barrel.
Analysis and forecast Brent crude on July 20, 2017
Earlier, a medium strength signal was received for the purchase of Brent Oil, due to the crossing of signal lines at level 47.60. Cancellation option will be the growth of quotations of oil breakdown of cloud Ichimoku Kinko Hyo with closing quotations below 47.40 area, which point to an bullish trend shift in favor bearish. Expect to accelerate the growth of quotations for Brent Oil is worth a breakdown of the local maximum area at the level of 50.50.
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